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. 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 course

the qualitative characteristics are the following

Six qualitative characteristics: 1. Relevance - ability to make a difference 2. Faithful representation - complete, neutral, free from error 3. Comparability - utilizing similar accounting practices 4. Verifiability - financial reports logically flow from the data and are reproducible 5. Timeliness - financial reports are available in time to be useful to decision makers 6. Understandability - information is clear and concise

You can choose any of these to support you answer with. Answer should be between 100-160 words

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