#1 please help

a

ASAP. assignment is due at 11:59pm

Carver incorporated purchased a buliding and the land on which the building is situated for a total cost of $900,000 cash, The land was appraised at $186,300 and the building ot $848,700. 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 buliding and the land on which the building is situated for a total cost of $900,000 cash. The land was appraised at $186,300 and the building at $848,700. Required: 3. 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 bulding: 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; Noter Do not round intermediate calculotions. Round your final answers to nearest whole dellar. In the Statement of Cash flows column, use the inituals o. IA for inveating activity. FA for financing activity, NC for net change in cash and NA for not affected, Einter any decreases to icceunt belances and cash out celis require input. Carver incorporated purchased a building and the land on which the bullding is situated for a total cost of $900,000 cash The iand was appraised at $186,300 and the building at $848,700. 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 modet 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: Do not round intermediate calculations, Round your final answers to nearest whole dollar. Carver incorporated purchased a buliding and the land on which the building is situated for a total cost of $900,000 cash The fand was appraised at $186,300 and the bullding at $848,700. 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 buiding. 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 gan on the purchase? Whould the company rocognize a galin on the purzhase