Hello! Can you please help me to understand the question in the attached document (11)? I am struggling with it and am completely desperate :( Thank you so much in advance for your assistance - I can't tell you how much I appreciate it!

i i . Which of the following statements about treasury stock is true? Question 11 options: a) Excess of the sales price over cost should be credited to retained earnings. b) Gains are not recorded on treasury stock transactions but losses are. c) Losses on treasury stock transactions are recorded in income. d) Macaw)! stock requires a debit to the common stock account. e) Purchasing treasury stock causes mkholders equity to decrease