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    knowme82's Avatar
    knowme82 Posts: 1, Reputation: 1
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    #1

    Feb 14, 2010, 04:45 PM
    Where does 403b contribution goes in income statement?
    I was trying to prepare income statement assignment I am confused where does 401k contribution and 403b contribution goes in income statement? Are these an expense or savings??
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 16, 2010, 06:10 PM

    The contributions the company is putting into a 401k is an investment account, an asset.
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