Birdwatch Note Rating
2024-05-19 03:53:55 UTC - NOT_HELPFUL
Rated by Participant: 12AC8E18952537E313B31AD4E7D5A87072F9AE05C0AB91D3A05CC9ABB385A4F2
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