Birdwatch Note Rating
2024-05-18 17:04:40 UTC - NOT_HELPFUL
Rated by Participant: D66558AF6C1FCD16338498E9EEDBE88125F07269241E402B01FD2E22BF1A78D4
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