Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $935,700 cash. The land was appralsed at $182,929 and the bullding at $893,126. Required a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Would the company recognize a gain on the purchase? Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $935,700 cash. The land was appraised at $182,929 and the building at $893,126. Required a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. What is the accounting term for this type of acquisition? Carver Incorporated purchased a building and the land on which the buliding is situated for a total cost of $935,700 cash. The lan was appraised at $182,929 and the building at $893,126. Required a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. Note: Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount. Required a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record the purchase in a horizontal statements model Note: in the Cash Fiow column, indicate whether the item is an operating octivity (OA), an investing activity (IA), or a financing activity (FA), if an element is not affected by the event, leave the celi biank. Enter any decreases to account balances and cash outflows mith a minus sign. Round intermediafe calculations to 2 decimal places and nnal answers to the neareat whole number. Not all cells nill require entry