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.
Located in the continent of the Caribbean, Aruba covers 180 square kilometers of land, making it the 222nd largest nation in terms of land area. Aruba is a dependant territory of The Netherlands. The population of Aruba is 107,635 (2012) and the nation has a density of 598 people per square kilometer. The currency of Aruba is the Aruban Florin (AWG). As well, the people of Aruba are refered to as Aruban/Dutch. The dialing code for the country is 297 and the top level internet domain for Aruban/Dutch sites is .aw.