LarAxial is a publicly traded company in France that manufactures and sells coaxial and fiber-optical cable. LarAxial is evaluating the appropriate revenue recognition for a Transaction X that occurred on July 4, 2019.

Background on Transaction X:

1. ZmerCo, a customer of LarAxial, entered into a binding written agreement to purchase 1,500 feet of fiber-optical cable at $3 per foot.

2. The shipping terms are freight on board (FOB) shipping point.

3. LarAxial collected the entire payment before the order shipped.

4. Title for the cable transfers upon delivery to the carrier.

5. ZmerCo will insure the product while it is in transit.

6. Instead of using a third-party shipper (e.g., FedEx, UPS), LarAxial has decided to use its own logistics subsidiary, DeliverAxial, to deliver the cable to ZmerCo.

7. LarAxial acquired 100% ownership interest in DeliverAxial one year ago.

8. DeliverAxial provides an array of shipping services to third-party customers inside and outside the cable industry.

9. Approximately 3% of DeliverAxial's shipping revenue is expected to be derived from transactions with LarAxial in the current year.

Please review IFRS standards and assess whether LarAxial may recognize revenue upon transfer of the inventory to the carrier.