Would the company recognize a gain on the purchase? Carver inc. purchased a building and the land on which the building is situated for a total cost of $810,700 cash. The land was appraised at $186,461 and the building at $745,844. 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 buliding. 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? Record the purchase in a horizontal statements model. (In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing a. or a financing activity (FA). If an element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash outfows W minus sign. Round intermediate calculations to 2 decimal places and finat answers to the nearest whole numbor. Not alf celis will require entry. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. (Round Intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.)