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Explain the four major nonmobile client operating systems and their functions.
Cash Equivalent
Short-term, highly liquid investments that can be easily converted to a known amount of cash.
Liquid Asset
Assets that can be quickly and easily converted into cash without significant loss in value.
Noncash Investing
Transactions involved in investing activities that do not involve immediate cash flow, such as exchanging one asset for another.
Financing Activity
Activities that result in changes in the size and composition of the equity capital and borrowings of the company.
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