Birdwatch Note Rating
2024-05-18 10:30:06 UTC - NOT_HELPFUL
Rated by Participant: 1C2BC84425F73D4A9E902C3AF66A2B5BDFBE816C24DC0BAB101841E169E97C7D
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