Birdwatch Note Rating
2024-05-19 07:25:10 UTC - NOT_HELPFUL
Rated by Participant: 7452CD9C91153A614DBE2B266195E9A5C9700D565CCEF14EDAB532363343299A
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