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The company believes they have a related party transaction with a vendor they use for auto parts and they believe the transaction is material to

The company believes they have a related party transaction with a vendor they use for auto parts and they believe the transaction is material to users for the financial statements. How should the company deal with a potential related party transaction in their financial statements? Determine the reference FASB ASC XXX-XX-XX-XX from the codification system that explain(s) the GAAP guidance on this topic.

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