Assets and obligations are all of the following EXCEPT: Equivalents Have the same monetary value Have the same size but different nature Have the same size and nature Question 2 (3 points) Short term assets - will be used up or disposed of in the next 12 months. True False Question 3 (5 points) Which of the following is NOT an alternative name for a balance sheet? Statement of position Statement of net profit Statement of financial position Statement of assets, liabilities, and owner's equity