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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
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? Please show your work.
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