The Following Data Pertains to Questions

Multiple Choice

The following data pertains to Questions
IOU Inc.purchased all of the outstanding common shares of UNI Inc.for $800,000.On the date of acquisition,UNI's assets included $2,000,000 of Inventory and Land with a Book value of $120,000.UNI also had $1,400,000 in Liabilities on that date.UNI's book values were equal to their fair market values,with the exception of the company's Land,which was estimated to have a fair market value which was $50,000 higher than its book value.
-How much goodwill would be created by IOU's acquisition of UNI?

A) $30,000
B) $50,000.
C) $80,000.
D) Nil.