On 1 June 20X0, Led Pty Ltd Sold a Machine $\quad$

Multiple Choice

On 1 June 20X0, Led Pty Ltd sold a machine to an overseas company for ¥3,000,000. Payment was received on 14 July 20X0. Led’s reporting date is 30 June, and its functional currency is A$. The risks and benefits relating to the machine transferred to the purchaser on delivery. The following exchange rate applied:
1 June 20X0 $\quad$$\quad$ ¥1.00 = $\quad$ A$0.20
30 June 20X0 $\quad$$\quad$ ¥1.00 = $\quad$ A$0.18
14 July 20X0 $\quad$$\quad$ ¥1.00 = $\quad$ A$0.19
-What was the foreign currency exchange difference recognised for Led Ltd on the transaction?

A) $30,000 FC exchange difference revenue
B) $30,000 FC exchange difference expense
C) $60,000 FC exchange difference revenue
D) $60,000 FC exchange difference expense