Which statement is false?

Currency translation risk occurs because a company has transactions denominated in a foreign currency.

Currency translation risk occurs because the company has net assets, etc. dominated in a foreign currency.

A company has transactions denominated in a foreign currency and the U$.$S$.$ dollar strengthens. If the company is exporting goods, a loss occurs.

A company has records kept in a foreign currency and has a net asset position. If the U$.$S$.$ dollar weakens, a gain occurs.

All of the above are true