Pennant Corp.owns 70% of the common stock of Scarvens Co.Scarvens’ revenues for 2020 totaled $200,000. Required: What amount of Scarvens’ revenues would be included in the consolidated revenues under the acquisition method

Pennant Corp.owns 70% of the common stock of Scarvens Co.Scarvens’ revenues for 2020 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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