The subtotal net assets is used in

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Subtotal net assets is used in IFRS but not in GAAP. IFRS requires the presentation of subtotals for assets and liabilities in the statement of financial position, specifically for current assets, non-current assets, current liabilities, non-current liabilities, and equity. These subtotals are referred to as "subtotals of classes of assets and liabilities," and provide a more detailed analysis of the company's financial position. GAAP, on the other hand, does not require the presentation of these subtotals.

The Subtotal Net Assets Is Used in