Which of the following is a permanent account?

At what point is an asset considered to be impaired?

Select one: A. When the net book value is greater than the sum of expected cash flows B. When the net book value is less than the fair value C. When the net book value is less than the sum of expected cash flows D. When the net book value is greater than the fair value

Banks seeking to move into investment services will often act as the distributor for mutual fund products created by an investment firm that lacks extensive distribution channels of its own

Indicate whether the statement is true or false