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.
Aruba is an autonomous member of the Kingdom of the Netherlands. The other constituent countries that comprise the Kingdom of the Netherlands include the Netherlands, CuraÃ§ao and Sint Maarten. Aruba seceded from the Netherlands Antilles in 1986. Aruba was initially acquired by the Dutch in 1636.