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Which of the following types of entities are required to report on business segments?
Suggested Answer: A
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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.
12 comments · newest first
WA
Walker
2 months ago
But what about A) Nonpublic business enterprises? They might not have the same rules.
DO
Donte
2 months ago
Agreed, Alex! Public companies need transparency for investors.
JO
Jose
2 months ago
I think it's B) Publicly-traded enterprises. They have to report segments.
JE
Jerilyn
2 months ago
Joint ventures don’t need to report, right?
BU
Bulah
2 months ago
Not-for-profits? Really? That’s surprising!
TA
Talia
2 months ago
Wait, I thought nonpublic enterprises had to report too?
JU
Julie
3 months ago
Totally agree, it's a requirement for them!
GA
Gail
3 months ago
Publicly-traded enterprises have to report on segments.
RA
Raul
3 months ago
I feel like not-for-profit enterprises might have different reporting requirements, but I can't remember if they need to report on segments like public companies do.
HA
Hayley
3 months ago
This question reminds me of a practice question we did on segment reporting. I believe only publicly-traded companies need to report, but I might be mixing it up with another topic.
LO
Lore
3 months ago
I remember something about nonpublic business enterprises not being required to report, but I can't recall the exact details.
BR
Brice
4 months ago
I think publicly-traded enterprises are the ones that have to report on business segments, but I'm not entirely sure about the specifics.