1: Question 1 (1 point) Liabilities are generally classified on a balance sheet as 1) small liabilities and large liabilities. 2) present liabilties and future liabilities 3) tangible liablities and intangible liabilities. 4) current liabilities and long-term liabilities. 89 10 Save Legend a Saved Response Unsaved Response Info item Question 2(1 point) The concept that a business has a reasonable expectation of remaining in business for the foreseeable future is called the 1) economic entity assumption. 2) monetary unit assumption. 3) periodicity assumption. 4) going concern assumption