The Audit Guide and ASC 946-210-45-1 indicate that registered and non-registered investment companies present financial position by presenting either a statement of assets and liabilities or a statement of net assets. The statement of assets and liabilities presents a list of assets and liabilities, and an amount for net assets equal to the difference between the totals. A separate condensed schedule of investments is required. The statement of net assets includes a schedule of investments. Details of related-party balances and other assets and liabilities should be presented in the statement of net assets or in the notes to the financial statements. Additionally, net asset value per share for each class of shares of capital outstanding should be presented. For investment companies that present comparative financial statements, a condensed schedule of investments is required for each period presented.