Which of the following is NOT true about treasury stock?

It increases the net worth of the company.

It is$-$a firm's own shares repurchased in the market by the firm.

The major disadvantages of market$-$value accounting include:

the difficulty in estimating the current value for some assets.

the difficulty in applying some of the valuation models used to estimate market values.

the resulting numbers are potentially open to abuse.

all of the above are disadvantages of market$-$value accounting.

It lowers the value of the company.

It can be reissued under stock option and other employee benefit plans.