Birdwatch Note Rating
2024-05-18 14:03:39 UTC - HELPFUL
Rated by Participant: A6EE7A7E4F9C4C4600DDABF56DAC7B3A1463618CF78E4865261D2ECFD70D53FE
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