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Carver incorporated purchased a building and the land on which the bullding is situated for a total cost of $903,900 cash. The land was appraised at $176,712 and the building at $862,773. 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 building is situated for a total cost of $903,900 cash. The land was appraised at $176,712 and the building at $862,773. 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. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Carver incorporated purchased a building and the land on which the building is situated for a total cost of $903,900 cash. The land was appraised at $176,712 and the bullding at $862,773. 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. Would the company recognize a gain on the purchase? Would the company recognize a guin on the purchase? Carver incorporated purchased a building and the land on which the bulding is situated for a total cost of $903,900 cash. The land was appraised at $176,712 and the buliding at $862,773. Requlred: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the fand and the amount to allocate to the building- c. Wouid the company recognize as gain on the purchase? d. Record the purchase in a horizontal stotements model. Complete this question ty entering your answers in the tabs below. Recerd the purchase in a harziontal statements model. ta for investing actviry, FA fer finsncing activity, NC for net chame in cash and NA for not atfected. Fnter any decreases to acopunt balances and cash outhows with a mil cells require inpue

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