Please answer both section.

Timothy owns gold coins that he purchased 10 years ago $10,000 and are worth $30,000. Cindy owns a painting that she purchased 6 months ago for $20,000 and is worth $30,000. Cindy agrees to exchange the painting for Timiothy's gold coins. Which of the following is/are true? Select one or more: a. Both Timothy and Cindy have received an "economic benefit". and they both have a realized gain under the realization principal O b. Timothy recognized a LTCG of $20,000, but Cindy recognizes a STCG of $10,000. c. Neither Timothy nor Cindy have a realized gain because they didn't receive any cash. d. Both Timothy and Cindy have a realized gain because of the realization principal. However neither has a recognized gain. e. Both Timothy and Cindy are entitled to a "recovery of their investment" Question 8 Not yet answered Points out of 1.00 Flag question Norman's employer let him use the company car for Norman's personal use. Which principles apply to the transaction? Select one or more: O a. Economic Benefit b. Constructive receipt c. Claim of right d. Form of benefit e. Assignment of income