Summary of Statement No. 21

Suspension of the Reporting of Earnings per Share and Segment Information by Nonpublic Enterprises—an amendment of APB Opinion No. 15 and FASB Statement No. 14 (Issued 4/78)

Summary

This Statement suspends the requirements of APB Opinion No. 15, and FASB Statement No. 14, Financial Reporting for Segments of a Business Enterprise, in the financial statements of nonpublic enterprises. A nonpublic enterprise is a company other than one whose debt or equity securities trade in a public market or in the over-the-counter market or that is required to file financial statements with the Securities and Exchange Commission.