Tech company designs and installs computer software for businesses, 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. it
is about to issue its quarterly report to shareholders. Do you think the information about the customer should be disclosed in the quarterly report?

Refer to GAAP and qualitative characteristics

Answer rating: 100% (QA)

As Per the Relevance Principle in Qualitative Characteristics of Financial Statements explains that ... View the full answer