1. What is a balance sheet? Why is it important for leadership of a healthcare organization to monitor its balance sheet?

2. Place an "X" in the appropriate box for each balance sheet item listed below.

Note: Some balance sheet items may fall into multiple categories, therefore, choose the most relevant option. Each category below must have only one "X".

	Short-Term Asset	Long-Term Asset	Short-Term Liability	Long-Term Liability
Cash on hand
Accounts receivable
Equipment
Mortgage payable
Buildings
Current Note due
Inventory
Bonds payable
Payroll taxes due