Which of the following statement is true regarding permanent funds? Permanent funds do not have any donor restrictions when they are established. Permanent funds have a donor restriction on the fund principal but the income from the fund may be used to benefit the government's program. Permanent funds have a donor restriction on the income generated from the fund principal but the principal may be used to benefit the government's program The cash or accrual basis of accounting may be used to account for a permanent fund. Select one: Choice A Choice B Choice C Choice D