BE $1-3$ Basic assumptions and principles LO$1-7$ through LO$1-9$ 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.