Pennant Corp. owns 70% of the common stock of Scarvens Co. Scarvens' revenues for 2011 totaled $200,000.
Required:
What amount of Scarvens' revenues would be included in the consolidated revenues under the acquisition method of accounting for business combinations?

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The Answer of Pennant Corp. owns 70% of the common stock of Scarvens Co. Scarvens' revenues for 2011 totaled $200,000.
Required:
What amount of Scarvens' revenues would be included in the consolidated revenues under the acquisition method of accounting for business combinations?