Operating Expenses Indicate whether each of the following is true or false. a. Amortization expense is a noncash expense similar to depreciation, except it applies to intangible assets. b. Income attributable to noncontrolling interest is an expense item that reduces net income. c. Discontinued operations relate to any segment of the business a company is selling d. The income (loss) of Discontinued operations and gain (loss) on their sale are reported in the income statement like other revenue and expense items. Previous Save Answers Finish attempt... a Foreign Exchange Effects on Sales True or false! A multinational company reports that a large amount of its sales is generated in foreign currencies that have strengthened vis--vis the $US. Consolidated revenues are likely lower than would have been reported in the absence of such a shift in exchange rates. OFalse, Strengthening foreign currencies implies a weakening SUS. As the SUS weakens, foreign currencies purchase less $US, resulting in an decrease in foreign currency denominated sales, expense and profit. Consolidated revenues will therefore, likely be higher. OTrue Strengthening foreign currencies implies a weakening SUS. As the SUS weakens, foreign currencies purchase less SUS, resulting in an decrease in foreign currency.denominated sales, expense and profit. Consolidated revenues will therefore, likely be lower. OFalse. Strengthening foreign currencies implies a weakening SUS. As the $US weakens, foreign currencies purchase more $US, resulting in an increase in foreign currency-denominated sales, expense and profit. Consolidated revenues will therefore, likely be higher OTrue Strengthening foreign currencies implies a weakening SUS. As the $US weakens, foreign currencies purchase less $US, resulting in an increase in foreign currency-denominated sales, expense and profit Consolidated revenues will therefore, likely be lower