Question: It is a case with key issue for ACC research memo. Need advise for Brief Conclusion, Analysis, Conclusion, Financial Statement and Disclosure Impacts, journal entry.

It is a case with key issue for ACC research memo. Need advise for Brief Conclusion, Analysis, Conclusion, Financial Statement and Disclosure Impacts, journal entry. And need FASB Codification if it is possible. Username: AAA51472 Password: H7AhV5h Thank you!

We need cash for the taco stand, so have decided to do a reverse mortgage on our taco truck. A bank will pay us $1000/month for the next 10 years. We continue to own and operate the truck, but at the end of the ten years, ownership goes to the bank. If we go out of business before then, ownership also goes to the bank. We cannot sell the taco truck under this reverse mortgage. How is the $1000 presented in the statement of cash flows? Sale or loan?

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