A number of balance sheet accounts for Harvey’s Heavy Metals, Inc. follow.

. Raw materials inventory . Available-for-sale securities . 5,000 shares of XYZ common stock . Property taxes payable . Prepaid customer orders . Accrued salaries . Machinery held for sale . Treasury stock .Cash dividends payable . Certificates of deposit . Supplies . Accumulated depreciation . Franchise . Cash surrender value of life insurance . Long-term debt maturing within one year Required:
Indicate the proper balance sheet classification for each of these accounts. If more than one classification is potentially possible, indicate what additional information would be needed to make a determination.