Birdwatch Note Rating
2024-05-19 00:47:55 UTC - NOT_HELPFUL
Rated by Participant: 761AADBD1734A91571872FB7AF46CDCD4737EC5DFF2A634015FB847452C9F405
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