In the Textbook It Is Suggested That a Share Buybacks

In the textbook it is suggested that a share buybacks can be characterised in two ways referred to as proprietary view and an entity view.Which of the following statements best reflects the two methods:

A) the proprietary view is required by AASB 132 but only the entity view is consistent with the conceptual framework
B) an entity may adopted either the entity view or the proprietary view provided the method adopted is disclosed
C) the entity view is required by AASB 132 but only the proprietary view is consistent with the conceptual framework
D) neither the proprietary view nor the entity view is consistent with the conceptual framework.