$5.$ Seketeme's year end is $31$ December $2019.$ The following events all occurred in January $2020.$ State whether the events below would be classified as adjusting or non$-$adjusting events. $(12)$

Event Adjusting Non$-$adjusting

Insolvency of a customer

Loss of inventory due to a flood

Completion of the purchase of another company

Evidence showing that the net realisable value of inventory is below cost

A court case from August is settled by Anderson

The discovery of a fraud showing the financial statements were incorrect