Question: Analyse the statement by Earlypay: the re-classification ... has no impact on funding covenants. Do you agree or disagree with this statement? How would you

Analyse the statement by Earlypay: "the re-classification ... has no impact on funding covenants". Do you agree or disagree with this statement? How would you justify your opinion. In your opinion explain the circumstances that Earlypay's restatement would have an impact on a "funding (loan) covenant"?

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