The 12/31/2019 balance sheet of Villarreal Inc. included the following:

Common stock, 25 million shares at $20 par 500 million

Paid-in capitalexcess of par 3,000 million

Retained earnings 980 million

In January 2019, Villarreal recorded a transaction with this journal entry (in millions):

Cash 150

Common stock 100

Paid-in capitalexcess of par 50

The transaction was for the:

Group of answer choices

a. Issue of common stock for $150 million in cash.

b. Issue of 2 million shares of common stock at par.

c. Receipt of $20 per share for a new stock issue.

d. All of these answer choices are correct.