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On April 9, Costanza Corp repurchased 500 shares of its own shares for $10 per share. When it records the transaction on April 9, Costanza

On April 9, Costanza Corp repurchased 500 shares of its own shares for $10 per share. When it records the transaction on April 9, Costanza Corp will: decrease Common Stock $5,000 and decrease Cash $5,000. increase Treasury Stock $5,000 and decrease Cash $5,000. decrease Retained Earnings $5,000 and decrease Cash $5,000. increase Additional Paid-in Capital $5,000 and increase Cash $5,000

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