If the liabilities the corporation assumes are more than your adjusted basis in the property you transfer, gain is recognized up to the difference. However, if the liabilities assumed give rise to a deduction when paid, such as a trade account payable or interest, no gain is recognized.
Because Aruba was once a Dutch state of sovereignty, the island's official language is Dutch. No need to arrange a translator, however, because both English and Spanish are widely spoken.aps. Papiamento, a wild combination of Dutch, English, French, Portuguese and Spanish, is the language originated in the trio of islands called the ABC islands. This language reflects their open-armed acceptance of other cultures.
The Kingdom of the Netherlands consists of three countries: The Netherlands, The Netherlands Antilles (Curacao, Bonaire, St.Martin, Saba, St.Eustatius), and Aruba. Aruba was part of the country of the Netherlands Antilles til 1986.utch, English and Spanish are widely spoken. So to answer your question, Aruba does not belong to the Netherlands or any other country but is an equal partner in the Kingdom of the Netherlands. So Aruba belongs to Aruba.