//getpr nabled: EXAM 2- Chapters 4, 5, 6 Two common subgroups for liabilities on a classified balance sheet are: Multiple Choice O Current liabilities and intangible liabilities. Present liabilities and operating liabilities. O General liabilities and specific liabilities. Intangible liabilities and long-term liabilities. Current liabilities and long-term liabilities. Saved ing Enabled: EXAM 2 Chapters 4, 5, 6 It is obvious that an error occurred in the preparation and/or posting of closing entries if: Multiple Choice O all revenue and expense accounts have zero balances. the owner's capital account is debited for the amount of the net loss for the period. the income summary account is debited for the amount of net income for the period. all balance sheet accounts have zero balances. only permanent accounts appear on the post-closing trial balance