$($b$)$ Consider the following accounts from Balance Sheet:

$($i$)$ Accounts receivable

$($ii$)$ Investment in a listed company$$s shares

$($iii$)$ Accounts payable

$($iv$)$ Tax payable

$($v$)$ Issued capital

Required: $($Total maximum words for $($b$)$: $140)$

$$ Classify each of the above accounts into Financial Asset $($FA$),$ Financial Liability $($FL$),$ or

Equity instrument in accordance with NZ IAS $32.$ For those accounts that are neither

FA$,$ FL nor Equity instrument, state $$Not Applicable$$ or $$N$/$A$.$ and

$$ Explain the reasons for each of your classifications.