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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?

ANonpublic business enterprises.

BPublicly-traded enterprises.

CNot-for-profit enterprises.

DJoint ventures.

Show Suggested 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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Raul

9 hours 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

6 days 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

11 days 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

16 days 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.

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