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Accounting for Troubled Debt Restructuring (TDR)

Analyzes if a debt modification constitutes a TDR or a simple modification.

Analyze a debt modification between {company_name} and its lender. The terms were changed from {old_terms} to {new_terms}. Is the company experiencing 'financial difficulty'? Does the lender grant a 'concession'? Determine if it is a TDR under ASC 470-60 and explain the impact on interest expense.

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