Birdwatch Note Rating
2024-05-18 12:45:26 UTC - NOT_HELPFUL
Rated by Participant: E7AE90B392C0B2DD43F839A37AA5BFA2C938D500AB0F0853B1B3ED7489875D1C
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