Birdwatch Note Rating
2024-05-18 07:23:07 UTC - HELPFUL
Rated by Participant: C14780281A43231E716DE6D10B4EA38769AAF3324590E4111BE9F8A09E0D9084
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