Question 16 (3 points) Receivables are usually a significant portion of total current liabilities total liabilities total current assets. total assets Question 17 (3 points) Accounts receivable are receivables from selling merchandise that are expected to be collected in short time periods of 30 to 60 days. short periods of time of a year or less. periods of one to 5 years. periods greater than one year. Question 18 (3 points) When a customer owes a large amount of money, supported by a formal written credit instrument, the account most appropriately used is accounts receivable notes receivable. trade receivables accounts payable