Transfer payment is a payment made by : Government, but not in exchange for a currently produced good or service.
<h3>What is transfer payment?</h3>
Transfer payment refers to a public expenditure, which is made purposely for unemployment compensation other than procuring goods or services. It is money or other aid that is given by a government without any good or service in return.
Examples of transfer payments include:
- Welfare
- Financial aid
- Social security
- Government subsidies for certain businesses.
Hence, transfer payment is a payment made by government, but not in exchange for a currently produced good or service.
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Answer: d. Total contributed capital on the balance sheet
Explanation:
When Common stock is issued this is known as a Paid-In Capital. If there is an excess over the par value, this will be an additional amount and so will be recorded in the Additional Paid-In Capital account.
This account is on the Equity side of the balance sheet and will form part of the capital contribution to the company because it was given to the company by shareholders.
The 4 P's:
Price - cost of the product
Product - the type of good being sold
Place - how the product will get to the consumer (store, internet, etc)
Promotion - what marketing activities will be used to communicate the product (advertising, sales, etc)