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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?

Show Suggested Answer Hide Answer
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.


by Tamekia at Jun 19, 2026, 06:04 PM

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Walker
3 days ago
But what about A) Nonpublic business enterprises? They might not have the same rules.
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Donte
8 days ago
Agreed, Alex! Public companies need transparency for investors.
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Jose
14 days ago
I think it's B) Publicly-traded enterprises. They have to report segments.
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Jerilyn
19 days ago
Joint ventures don’t need to report, right?
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Bulah
24 days ago
Not-for-profits? Really? That’s surprising!
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Talia
29 days ago
Wait, I thought nonpublic enterprises had to report too?
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Julie
1 month ago
Totally agree, it's a requirement for them!
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Gail
1 month ago
Publicly-traded enterprises have to report on segments.
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Raul
1 month 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.
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Hayley
2 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.
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Lore
2 months ago
I remember something about nonpublic business enterprises not being required to report, but I can't recall the exact details.
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Brice
2 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.
upvoted 0 times
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