Place an X in the appropriate classification for each balance sheet item listed below. Short-Term Asset Long-Term Asset Short-Term Liability Long-Term Liability Payroll taxes due Accounts receivable Land Mortgage payable (non-current) Buildings Note payable (due in 24 months) Inventory Accounts payable Cash on hand Assignment Exercise 31: Assets and Liabilities Review the chapter text about assets and liabilities and Exhibits 3-1 and 3-2. Required 1. Find three separate references to assets and to liabilities in health care organizations in published news sources such as The Wall Street Journal or Business Week. 2. Based on this information, comment on whether the assets and/or liabilities that you have found appear to be current (short-term) or long-term. What led you to believe this? 3. If you were the author of these articles, would you have been more specific? If so, why? If not, why not?

Place an X in the appropriate classification for each balance sheet item listed below.

	Short-Term Asset	Long-Term Asset	Short-Term Liability	Long-Term Liability
Payroll taxes due
Accounts receivable
Land
Mortgage payable (non-current)
Buildings
Note payable (due in 24 months)
Inventory
Accounts payable
Cash on hand