Birdwatch Note Rating
2024-05-18 11:52:37 UTC - NOT_HELPFUL
Rated by Participant: C323314C3595F5E8F3DF7966B440416A9932DA6AC09665E5B3836D601E2E5C27
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