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Q 1.70: George Stevens has purchased 1,000 shares of stock in JKL Corporation. JKL recently reported a year end net income of $1,400,000: JKL retains

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Q 1.70: George Stevens has purchased 1,000 shares of stock in JKL Corporation. JKL recently reported a year end net income of $1,400,000: JKL retains $1,000,000. George, along with his fellow stockholders, will receive the remainder in the form of

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