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In accounting, which statement best describes related party transactions? a ) Related party transactions involve transactions between unrelated entities. b ) Related party transactions occur

In accounting, which statement best describes related party transactions?
a) Related party transactions involve transactions between unrelated entities.
b) Related party transactions occur only between individuals within the same organization.
c) Related party transactions involve transactions between entities with a close relationship or connection.
d) Related party transactions are exempt from disclosure requirements in financial statements.
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