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

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

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