the transaction was for the

A. issue of 2 million shares of common stock at par

B. issue of common stock fod 150 million in cash

C. receipt of 20 per share for a new stock issue

D. all of these answer choices are correct

28) The 12/31/2018 balance sheet of Despot Inc. included the following: Common stock, 25 million shares at $20 pars Paid-in capital excess of par Retained earnings 500 million 3.000 million 980 million In January 2018, Despot recorded a transaction with this journal entry: Cash 150 million Common stock Paid-in capitalexcess of par 100 million 50million The transaction was for the: A) Issue of 2 million shares of common stock at par. B) Issue of common stock for $150 million in cash. C) Receipt of $20 per share for a new stock issue. D) All of these answer choices are correct