re: I swear there are some dumb people on the face book and the TD.COM

guy won 170 million jackpot and then overcome with guilt returned the stolen $100...now the store owner is suing for the 170 mil jackpot

But is the unladen swallow of the European or African variety?

best part of the question: DON'T OVERTHINK IT.... so just get a wrong answer that's not technically correct all the way.

Are goods fifo or lifo?
Deprecating assets?

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I say the owner has a net loss of $200.
Let's say the register had $200 to start.

If there was no theft and the owner sold $70 worth of inventory he would have a total of $270

With the robbery (200-100-70+70-30)= $70
-100 for initial theft
-70 for loss of groceries
+70 for the transaction
-30 change from stolen money

$270-70=$200

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To make it easier on you, assume that the thief and customer are two separate people. Register has $200, thief steals $100. Now a customer buys $70 in groceries, the register only has $170, but should have $270.
$270 - $170 = $100.

You are thinking way too much simply because you know the money being used was stolen. The fact that the money was stolen has no bearing on the register and actual cash lost in the scenario.

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Are goods fifo or lifo?
Deprecating assets?

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Weighted average cost and we Sec. 179 the assets.

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$70 worth of groceries.

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The fact that she bought groceries with the bill has zero bearing on the situation, it is intended to confuse you. What if she bought the groceries then stole the money? What if she used a different $100 bill to buy the groceries? What if the two events occurred a year apart?

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A women walks into a grocery store and steals $100 dollars out of the register without the owners knowledge.

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Wait, so there is a group of women that stole the cash and multiple owners?

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milk

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often sold at or below cost

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Not in Louisiana