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AICPA CPA-Financial Exam - Topic 1 Question 128 Discussion

Which of the following types of entities are required to report on business segments?
A) Nonpublic business enterprises.
B) Publicly-traded enterprises.
C) Not-for-profit enterprises.
D) Joint ventures.

AICPA CPA-Financial Exam - Topic 1 Question 128 Discussion

Actual exam question for AICPA's CPA-Financial exam
Question #: 128
Topic #: 1
[All CPA-Financial Questions]

Which of the following types of entities are required to report on business segments?

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Suggested Answer: A

Choice 'b' is correct. Only publicly-traded enterprises are required to report on business segments.

Choices 'a', 'c', and 'd' are incorrect, per the Explanation: above.


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