QUESTION 21 New England Corp. issued $720,000 of its 7-year bonds with a 5% coupon rate. Interest is paid semiannually, and the bonds were sold to yield 10%. What proceeds does the company receive from its investors? $541.824 $574,409 $544,737 $720,000 QUESTION 22 If accrued liabilities are underestimated in the current period, the reported income in the same period will be higher than it should be True False