Treasury shares are essentially the same as unissued ordinary shares. issued and outstanding shares. shares held as an investment by the treasurer of the corporation. shares held as an investment of the corporation. Which of the following is not considered when evaluating whether or not to record a liability for pending litigation? The probability of an unfavorable outcome. Time period in which the underlying cause of action occurred. The ability to make a reasonable estimate of the amount of the loss. The type of litigation involved