XYZ Inc. is a US SEC audit client and Company JK is a subsidiary of XYZ Inc.
ABC Corp. is also a subsidiary of XYZ Inc. Company JK is material to XYZ Inc.
while ABC Corp. is not material to Company JK. Based on the EYG
Independence Policy, for which entities does EY need to maintain
independence?

OXYZ Inc. and Company JK
XYZ Inc., Company JK and ABC Corp.
O XYZ Inc. only