Which of the following statement is incorrect?

		A foreign operation has a net asset balance sheet exposure would result in a positive translation adjustment if foreign currency appreciates.
		A foreign operation has a net asset balance sheet exposure would result in a positive translation adjustment if foreign currency depreciates.
		A foreign operation has a net liability balance sheet exposure would result in a negative translation adjustment if foreign currency appreciates.
		A foreign operation has a net liability balance sheet exposure would result in a positive translation adjustment if foreign currency depreciates.