Birdwatch Note Rating
2024-05-18 16:41:36 UTC - NOT_HELPFUL
Rated by Participant: E72346EC862C8B8D53FCCECE70A2D0B01DDC06A7A16B531D41FE3D7D5B487593
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