Liabilities are generally classified on a balance sheet as Question 23 Not yet answered Marked out of 1.00 O a. Small liabilities and large liabilities O b. Current liabilities and long-term liabilities O c. Tangible liabilities and intangible liabilities O d. Present liabilities and future liabilities P Flag question If there is an error in the current-year ending inventory, the financial statement that should be affected by this error when using a periodic inventory Question 24 Not yet answered Marked out of 1.00 P Flag question a. Both statements O b. Neither statement c. Balance sheet O d. Income statement