Answer:
Issued issued deduct the number of shares in treasury
Explanation:
Outstanding shares is defined as the stock of the company presently held through all its shareholders, involving the share blocks that is held through institutional investors as well as restricted or limited shares owned through the officers of the company and insiders.
The number of outstanding shares is equal to the issued number of shares deduct the number of shares held or in treasury authroized by the company. And it is also equal to the float addition of any restricted shares. The number of shares outstanding usually fluctuate overtime.