70434 ÷ 8 = 8804 R2
Alright, let's work through the division of 70434 by 8 step by step.

Step 1:
8 goes into 7 0 times with a remainder of 7.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 7 to get 7.
Bring next digit (0) of the dividend behind the 7 and repeat the process: 70 / 8

Step 2:
8 goes into 70 8 times with a remainder of 6.
Write down 8 as next digit of of the result. 
Result so far: 8
Subtract 64 from 70 to get 6.
Bring next digit (4) of the dividend behind the 6 and repeat the process: 64 / 8

Step 3:
8 goes into 64 8 times with a remainder of 0.
Write down 8 as next digit of of the result. 
Result so far: 88
Subtract 64 from 64 to get 0.
Bring next digit (3) of the dividend behind the 0 and repeat the process: 3 / 8

Step 4:
8 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 880
Subtract 0 from 3 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 8

Step 5:
8 goes into 34 4 times with a remainder of 2.
Write down 4 as next digit of of the result. 
Result so far: 8804
Subtract 32 from 34 to get 2.

The final result is 8804 with a remainder of 2.