Wilfrid Laurier University reports the following selected information (in thousands) in its April 30, 2010, financial statements:

Additional information:
Cash was restricted for the funding of post-retirement benefits.
Instructions
(a) Explain the difference between cash and short-term deposits. Why are they combined for reporting purposes?
(b) In which section of the statement of financial position would the restricted cash most likely be reported? Explain.
(c) How is it possible that Wilfrid Laurier University has $41,817 thousand of cash and short-term deposits at the end of fiscal 2010 but generated only $26,325 thousand of cash flow from operating activities in the same year?

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2010 $41,817 5,350 26,325 2009 $31,525 3,100 12,800 Cash and short-term deposits Restricted cash Cash provided by operating activities