The value of official money is nominally constant

Millbury Gas and Oil's rate of return on equity is 12%. It can either pay a dividend of $5.00 today or reinvest the money and pay a dividend of $5.60 at the end of the year

From a shareholder's point of view, the value of the dividend paid now is ________ and the value of the dividend paid a year from now is ________. A) $5.00, $4.46 B) $5.00, $5.00 C) $4.46, $5.00 D) $5.60, $5.00

What document is prepared so that auditors can aggregate potential misstatements in order to assess the materiality of misstatements?

a. The audit opinion. b. The summary of unadjusted audit differences. c. The summary of earnings trends. d. The post-closing trial balance.