Birdwatch Note Rating
2024-05-18 15:34:25 UTC - NOT_HELPFUL
Rated by Participant: 7B742E3D4FBFE2CC3911CB5A1012357CA97B136FFA6C0454B9FFE637CAAFD05A
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