Birdwatch Note Rating
2024-05-18 08:35:53 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 38EB63CCACBD7A733F6DB18F0841622333DABB80E35E3B1FC7A4678E270B2EEA
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