Birdwatch Note Rating
2024-05-18 17:47:08 UTC - NOT_HELPFUL
Rated by Participant: 07231F10AD0B5E52D38CC79C5D09A0D286B073B4DAB0E2809390299A4148AB8E
Participant Details
Original Note:
This is an unsolvable problem as not all the information, such as product markup, is given. Thus, you cannot know how much money the store truly lost, as markup on products would be a “recoup” on the theft. Additionally, theft is tax deductible. https://www.irs.gov/forms-pubs/about-form-4684#:~:text=Attach%20Form%204684%20to%20your,losses%20from%20casualties%20and%20thefts. https://corporatefinanceinstitute.com/resources/accounting/markup/
All Note Details