The DOC Corporation with a Book Value of $20 Million

Multiple Choice

The DOC Corporation with a book value of $20 million and a market value of $30 million has merged with the CIC Corporation with a book value of $6 million and a market value of
$8 million at a price of $9 million. If the transaction is a purchase will there be any goodwill, and if so, what is the amount of goodwill?

A) No goodwill; 0
B) Yes goodwill; 3
C) Yes goodwill; 1
D) Cannot be calculated with the information given