22. From the following information taken from the records of Pear Company at August 31 of this year, you are required to calculate the equity of Pear Company. Liabilities Cash Accounts Receivable Buildings Equity a. $15,000 b. $25,000 c. $75,000 d. $35,000 23. Information that is, a. Comparable b. Verifiable c. Distinguishable d. Understandable $10,000 $30,000 $20,000 $35,000 ? to another company or to another year is more useful. 24. How would the accounting equation of Lenore Turner's consulting business be affected by the billing of a client for $42,000 for consulting work completed? a. Accounts receivable, $42,000 increase, liabilities, $42,000 decrease. b. Accounts receivable, $42,000 increase, liabilities, $42,000 increase. c. Accounts receivable, $42,000 increase, cash, $42,000 increase. d. Accounts receivable, $42,000 increase, equity, $42,000 increase. 25. Today, Cedar Park Company paid $600 of its accounts payable in cash. What is the effect on the accounting equation? a. Assets, $600 increase; liabilities, no effect; equity, $600 increase. b. Assets, $600 decrease; liabilities, $600 decrease; equity, no effect. c. Assets, $600 decrease; liabilities, $400 increase; equity, $200 decrease. d. Assets, no effect; liabilities, $600 decrease; equity, $400 increase