For each of the following subsequent events (question numbers 16 20), indicate whether the financial statements should be:

A Adjusted

D the event should be disclosed in the financial statements

ND the event need not be disclosed

1. An employee strike is called
2. A lawsuit that was begun a year ago is settled
3. A new subsidiary is purchased
4. A major customer of the company is lost (went to a competitor)
5. A plant of the company is destroyed by fire