Please show your work and thanks for your Help! : )

11. What is the definition of "substantially appreciated inventory"?

A) inventory with a FMV greater than its basis

B) inventory and unrealized receivables with a FMV greater than their basis

C) inventory with a FMV greater than 120% of its basis

D) inventory and unrealized receivables with a FMV greater than 120% of their basis

12. A partnership terminates for tax purposes

A) only when it terminates under local partnership law.

B) when the sale of partnership assets is made only to an outsider(s) and not to an existing partner(s).

C) when a partnership tax return (Form 1065) ceases to be filed by the partnership.

D) when at least 50% of the total interest in partnership capital and profits changes hands by sale or exchange within twelve consecutive months.