Check My Worl eBook Exercise 10-39 (Algorithmic) Accounting for Shares Kress Products' corporate charter authorizes the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2011, Kress had sold 255,400 shares and had reacquired 1,650 of those shares The reacquired shares were held as treasury stock. During 2011 Kress sold an additional 16,300 shares and purchased 3,100 more treasury shares. Determine the number of issued and outstanding shares at December 31, 2011. The number of issued shares at December 31, 2011: 342350 The number of outstanding shares at December 31, 2011: Hide Feedback Incorrect Check My Work Feedback 1) Determine total shares issued (sold). 2) Determine total shares outstanding (sold and still held). Treasury stock is not considered outstanding. Check My Worl ( Icon Key