In connection with his examination of Flowmeter, Inc., for the year ended December 31, 2014, Flores, CPA, is aware that certain events and transactions that took place after December 31, 2014 but before he issues his report dated February 28, 2015, may affect the company's financial statements. The following material events or transactions have come to his attention:

1. On January 3, 2015, Flowmeter, Inc. received a shipment of raw materials from Laguna. The materials had been ordered in October 2014 and shipped FOB shipping point in November 2014.
2. On January 15, 2015, the company settled and paid a personal injury claim of a former employee as the result of an accident that occurred in March 2014. The company had not previously recorded a liability for the claim.
3. On January 25, 2015, the company agreed to purchase for cash the outstanding shares of Porter Electrical Co. The acquisition is likely to double the sales volume of Flowmeter Inc.
4. On February 1, 2015, a plant owned by Flowmeter Inc. was damaged by a flood resulting in uninsured loss of inventory.
5. On February 5, 2015, Flowmeter Inc. issued and sold to the general public P2 million in convertible bonds.

For each of the event or transactions just described, indicate the audit procedures that should have brought the item to the attention of the auditor, and the form of disclosure required in the financial statement, including the reasons for such disclosure (i.e., indicate if it should be an adjustment to the financial statement, a disclosure, or if no disclosure is required).