USGAAP and IFRS on Accounting for Repurchases and Reissuances of Treasury

U.S.GAAP and IFRS on accounting for repurchases and reissuances of treasury shares follow the principle that

A) a corporation does not report a gain or loss on transactions involving its own shares.
B) the economic gain, or economic loss, are a component of accounting income.
C) that views treasury stock purchases and sales as operating transactions and therefore debits Cash (for economic gains) or credits Cash (for economic losses) .
D) the effects are recognized in net income, other comprehensive income and Accumulated Other Comprehensive Income, and often Retained Earnings (depending on the specific accounting method used) .
E) none of the above