We of Flo's Flowers W paid by Dee's will be reco quipment 20) Which ones of the following statements are FALSE? 1. Based on generally accepted accounting principles, assets are recorded on the balance sheet at their current market value. II. All items in the common-size balance sheet are expressed as a percentage of book equity. 11. Net Working Capital is the difference between Current Assets and Current Liabilities A. I and Il only I and Ill only 11 and Ill only 1, 11, and