Mason canceled a note issued by emma (mason’s niece) that arose in connection with the sale of property. at the time of the cancellation, the note had a basis to mason of $30,000, a face amount of $55,000, and a fair market value of $42,000. presuming that the initial sale by mason qualified as an installment sale, how much gain does the cancellation result in for mason?

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?