Birdwatch Note Rating
2024-05-19 02:57:52 UTC - HELPFUL
Rated by Participant: 99EBADE3B31F3219990036764B71604E7E9606CB01B2A6455B7FD2B5AECDD0A8
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