Birdwatch Note Rating
2024-05-18 05:29:03 UTC - HELPFUL
Rated by Participant: F0C3769CD79F9CA20BC87AED0D5070CF09BA8E22C34F69AFFC691D2CFE5ED7D0
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