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.
[ËÉ¾apa Ënu.i]) also known as Pascuan /ËpaeskjuËÉn/ , ËpÃ¦skjuËÉn Or, pascuense is An Eastern polynesian language spoken on the island Of Rapa, nui also known As Easter. island The old, the new, the in-between: Comparative aspects of Hispanisation on the Marianas and Easter Island (Rapa Nui). 2  In T. Stolz, D. Bakker, R.S. 3  Palomo (eds) Hispanisation: The Impact of Spanish on the Lexicon and Grammar of the Indigenous Languages of Austronesia and the Americas.