Question: Matrix Technologies designs and installs computer software for businesses. Recently, it learned that one of it

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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 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
Instructions:
The qualitative characteristics include:
•relevance has the ability to make a difference in the
decision-making process.
•faithful representation is complete, neutral, and free from
error.
•comparability tells users of the information that businesses
utilize similar accounting practices.
•verifiability means that others are able to confirm that the
information faithfully represents the economic activities of the
business.
•timeliness is available to decision-makers in time to be
useful.
•understandability is clear and concise.
How do these relate to the Matrix Technologies? What
should they do based on this?