Birdwatch Note Rating
2024-05-18 09:13:05 UTC - NOT_HELPFUL
Rated by Participant: B85168B76CF1A89BA66F9EC26F4E67495936E8AE460879641B4CE028B8C5176B
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