Final answer:
Most companies recognize sales revenue when the goods are shipped.
Step-by-step explanation:
Total revenue is the income the firm generates from selling its products. It is calculated by multiplying the price of the product by the quantity of output sold. Most companies recognize sales revenue when the goods are shipped. This means that the revenue is recognized when the products have been delivered to the customer. The other options, such as invoicing, receiving payment, or receiving the customer's order, may be steps in the sales process but do not determine when revenue is recognized.