5th Nov 2009 07:00
Verizon Communications Inc.
Notice of filing with Securities and Exchange Commission
On November 2, 2009 Verizon Communications Inc. (Verizon or the Company) filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC) disclosing its adoption of Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements-an amendment of ARB No. 51 , (SFAS No. 160), as of January 1, 2009. As required by this pronouncement, Verizon retrospectively changed the classification and presentation of non-controlling interest, previously referred to as minority interest, in its consolidated financial statements for all periods presented to conform to the classification and presentation of noncontrolling interest that began on January 1, 2009.
The Company's Annual Report on Form 10-K was filed with the Securities and Exchange Commission (SEC) on February 24, 2009 (2008 Form 10-K). The Company's consolidated financial statements for each of the years ended December 31, 2008, 2007 and 2006 along with the Report of Independent Registered Public Accounting Firm, Management's Discussion and Analysis of Financial Condition and Results of Operations, and Selected Financial Data that were included in the Company's 2008 Form 10-K were included therein as Exhibit 99.1 to this Current Report and were incorporated therein by reference to reflect the required retrospective application of SFAS No. 160.
These reports may be viewed in more detail on the SEC website at www.sec.gov and on the Verizon website at www.verizon.com.
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