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One of the companys largest receivables, Namib Ltd, encountered financial problems and can therefore settle only 25% of the outstanding debt. With the preparation of
One of the companys largest receivables, Namib Ltd, encountered financial problems and can therefore settle only 25% of the outstanding debt. With the preparation of financial statements of Namwandi Trading, the entity decided not to take this information into account. This may influence the users decisions. Required: In each case listed above, indicate which qualitative characteristic is at risk of not being adhered to and also indicate the respective group in which it is classified.
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