Birdwatch Note Rating
2024-05-18 22:17:28 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 186702AFF42DEB4D3FA2ADC1921E6766C23CE76A1783D21C638A9F2867D5841E
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