Birdwatch Note Rating
2024-05-19 10:33:33 UTC - HELPFUL
Rated by Participant: 68C87528CC60A2E01694CC1FE2D84162C8424A7AD8801CBDD170F132ECA055B1
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