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(a) Explain the ways in which a company may expand by obtaining new assets. (1 mark) (b) Jamuna River Ltd purchased a parcel of assets

(a) Explain the ways in which a company may expand by obtaining new assets. (1 mark) (b) Jamuna River Ltd purchased a parcel of assets and liabilities comprising a business directly from Lyneham Pty Ltd. The parcel of assets, measured at net fair value, consisted of: Balance of Accounts: ($)___ Plant 150,000 Land 240,000 Vehicles 120,000 Accounts receivable 30,000 Accounts payable (48,000) Total 492,000

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