Birdwatch Note Rating
2024-05-18 15:58:07 UTC - NOT_HELPFUL
Rated by Participant: 26F4850C24A02122AFBEF8E2ACB890089E220B1C8F14D367AB9641CF5BDDE88B
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