Birdwatch Note Rating
2024-05-18 13:42:16 UTC - HELPFUL
Rated by Participant: 491C728012523D11031BFF847065BD4FAE5E5D49C79874D497B14217FEB2CE81
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