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The tutorial focuses on debt restructuring, particularly modifying loan terms. It highlights the scenario where a debtor benefits while a creditor incurs a loss. The example involves Bank B and Corporation A, where Corporation A, facing financial difficulties, cannot repay a $1 million loan to Bank B. Bank B proceeds to restructure this loan, and the tutorial aims to calculate and record the resulting gains and losses for both parties. Key points include the nature of the loan issued at par, the up-to-date interest payments, and the specific steps involved in restructuring the note.
