This excerpt taken from the T 8-K filed Nov 17, 2006.
NOTE A - PREPARATION OF INTERIM FINANCIAL STATEMENTS
In this report, BellSouth Corporation and its subsidiaries are referred to as we, the Company, or BellSouth.
The accompanying unaudited consolidated financial statements have been prepared based upon Securities and Exchange Commission (SEC) rules that permit reduced disclosure for interim periods. In our opinion, these statements include all adjustments necessary for a fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature unless otherwise disclosed. Revenues, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these interim financial statements may not be the same as those for the full year. For a more complete discussion of our significant accounting policies and other information, you should read this report in conjunction with the consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2005.
Certain amounts within the prior years information have been reclassified to conform to the current years presentation.