Which of the following is not considered a related entity transaction for account- ing purposes? A transaction between:

a. A company and a separate entity controlled by the sister-in-law of the com- pany's president.

b. A parent company and a subsidiary company. C. A company and its major customer that accounts for 12 percent of its annual sales.

d. An entity and a special purpose entity that is a partnership with the majority ownership by the company's treasurer.