Company owns a tract of land which it purchased in 2006 for $100,000. The land is held as a future plant site and has a fair market value of $140,000 on July 1, 2009. Hall Company also owns a tract of land held as a future plant site. Hall paid $180,000 for the land in 2008 and the land has a fair market value of $200,000 on July 1, 2009. On this date Madden exchanged its land and paid $60,000 cash for the land owned by Hall. If the exchange has commercial substance, at what value Madden record the land acquired in the exchange?

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?