Birdwatch Note Rating
2024-05-18 14:38:21 UTC - NOT_HELPFUL
Rated by Participant: 5E9D48E450D340F368570112018432717F4755A76FB6E789C2140DCC5902A8B3
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