Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. Kress sold 227,500 shares and reacquired 1,6,50 of those shares. The reacquired shares were held as treasury stock Later Kress sold an additional 16,300 shares and purchased 3,100 more treasury shares. Requiredt Determine the number of issued and outstanding shares. lssued shares X shares Outstanding shares x shares Freaked TChech My Wok The corporate charter prescribes the different dasses of stock that may be used to ralse caplai. Information abou how many shares of each ciass are aithorived, istued and gutatanding is disclosed in the fnancial statements. Issued shares are reguced by treasuy shares to oolertire the rumber of chates cutstanding