1. Large businesses should provide information on any recommended dividend in the........................ , which forms part of the annual report and accounts.

A. statement of financial position

B. directors' report

C. strategic report

D. notes to the accounts

2. During a period of inflation, the LIFO method of inventories valuation will lead to .......... ....reported profits for a period .............. and inventories values at the end of the year than the FIFO method of inventories valuation.

A. higher higher

B. higher lower

C. lower higher

D. lower lower