Birdwatch Note Rating
2024-05-18 17:44:25 UTC - NOT_HELPFUL
Rated by Participant: DB2319824B5E7952DBF209DA58044B05F139CA19DDE01FED3C8579C55E2EC900
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