Final answer:
The title to goods typically transfers to the buyer when a public carrier accepts the goods from the seller, usually at the point of shipment. The terms of sale can affect the exact point of transfer. For a company with shareholders, this transaction impacts revenue and shareholder value.
Step-by-step explanation:
Transfer of Title in a Transaction Involving a Public Carrier When a public carrier accepts goods from the seller, the title to those goods typically transfers from the seller to the buyer at the point of shipment. Once the goods are in the custody of the carrier, the seller's obligation has been fulfilled, and the buyer now holds the title and bears the risk of loss or damage. The exact timing of the transfer of title can depend on the terms of sale, such as FOB (free on board) shipping point or FOB destination. However, it's commonly at the point when the carrier accepts the goods that the ownership transfers if the sale is on a shipment contract basis.In the context of a company with many shareholders, when such transactions occur, the company earns revenue upon the transfer of title. This revenue can then be reflected in the company's financial records and ultimately affects the shareholders' value.