Birdwatch Note Rating
2024-05-19 13:34:39 UTC - NOT_HELPFUL
Rated by Participant: B6FAEDF57685BD55015F4F4B79DF92B931031EFF924E2DA3A10E35BC1EA7A225
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