10114 EXERCISE 11.12 Authorized Stock b. Assume that the company classified the b the current asset section of its balance sheet. Is this appropriate? Explam A recent balance sheet for Kimberly Clarks Caroration indicates that the company has 1.2 bil- lion shares of common stock authorized, of which approximately 378.6 million have been issued In addition, the company holds 17.7 million shares in treasury. a. How many additional shares of common stock could Kimberly-Clark sell? b. How are the shares that have not yet been issued included in the company's balance sheet Do they represent an asset of the company? b e of $10 par value common stock and 60,000 many