17. The represents the (assets, liabilities and equity) on certain date; it represents the past and includes actual financial data, while budget represents a plan for all activities of the firm for a future period. A) balance sheet - financial position B) financial position - balance sheet C) balance sheet - income statement D) None of the other answers 18. the depends on while depends on ....... A) sales budget - production budget - material budget - sales budget B) production budget - sales budget - material budget - production budget C) sales budget - production budget - material budget - production budget D) None of the other answers 19. There are two main types of budgets A) sales budget - production budget B) Operating budget and capital budget C) Operating budget and cash budget D) None of the other answers