Birdwatch Note Rating
2024-05-18 22:08:27 UTC - NOT_HELPFUL
Rated by Participant: CCC2EB7AF99302539F24DA50410D191363FF96C56148BCE8366301EE55731C09
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