Listed below are several statements that relate to financial accounting and reporting Identify the accounting concept that applies to each statement 1. SiriusXM Radio Inc. files its annual and quarterly financial statements with the SEC 2. The president of Applebee's International Inc. travels on the corporate jet for business purposes only and does not use the jet for personal use 3. Jackson Manufacturing does not recognize revenue for unshipped merchandise even though the merchandise has been manufactured according to customer specifications 4. Lady Jane Cosmetics depreciates the cost of equipment over their useful lives Answer is complete but not entirely correct. Revenue recognition The economic entity assumption 11 2 3 Revenue recognition 4 Expanse recognition 0000