11) A deficit in capital account is reduced to zero through the partnership's loan payable is known as:*

A) Right of offset

B) Absorption of capital deficiency

C) Liquidation

D) Additional investment

12) Assuming all of the following are reliably determinable, the best basis to measure the non-cash asset received by a corporation in exchange for shares issued is the:*

A) Carrying value in the books of the shareholder of the non-cash asset contributed

B) Fair value of the non-cash asset received

C) Par value of the shares issued

D) Market value of the shares issued

Kindly support an explanation to your answer so I could understand better, thanks!