what do you mean by issue of shares for consideration other than cash
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Hello, I can help you. Because I know the answer. It means sometimes a company may issue as securities for
taking loans from any financial institution.It is known as issue of securities other than cash consederation
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When an asset is acquired by a company, the payment of asset price can be made by the issue of shares or in cash to the vendor. Moreover, when shares are given against the purchase price, it is known as 'Issue of shares for consideration other than cash'. In this case, shares are not open to the general public.
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