Question: Matrix Technologies designs and installs computer software for businesses. Recently, it learned that one of its major customers, representing 20% of annual sales, is in

Matrix Technologies designs and installs computer software for businesses. Recently, it learned that one of its major customers, representing 20% of annual sales, is in financial difficulty and is unlikely to be ordering for some time. Matrix is about to issue its quarterly report to shareholders.
Required:
Do you think the information about the customer should be disclosed in the quarterly report? Support your answer by referring to the qualitative characteristics described in this chapter.

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