Take the following as truth: The terms financial statements and consolidated financial statements are used throughout this document to refer to the basic financial statements of a reporting entity; the basic financial statements normally  the balance sheet, the statements of net cost, changes in financial position, financing, budgetary resources, and custodial activities and the notes to the financial statements.
Then the following statement: "Financial statements are referenced a lot in the document because the IRS requires it." is true, false, or inconclusive?
Answer: Inconclusive