Take the following as truth: The resources and responsibilities do not meet the criteria for assets and liabilities that are required to be reported in the financial statements but are, nonetheless, important to an understanding of the operations and financial condition of the Federal Government at the date of the financial statements and in subsequent periods.
Then the following statement: "Several items are useful in understanding government operations, even if they do not have to be reported on financial statements." is true, false, or inconclusive?
Answer: True