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ABC Inc paid $50 to deliver goods to customers FOB destination. The $50 will be what type of cost: An asset - debited to the
ABC Inc paid $50 to deliver goods to customers FOB destination. The $50 will be what type of cost:
An asset - debited to the merchandise inventory account
An expense - debited to the cost of goods sold account
An expense - debited to the transportation - out account
A liability - debited to the accounts payable account
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