Birdwatch Note Rating
2024-05-18 11:37:10 UTC - HELPFUL
Rated by Participant: E4D1A0DBBD8E553F1CD9B6C9CFA0D4B331C827998C1869E611157E20231A2786
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