The SO number is equal to the number of the issued minus the number held in the company's treasury. The formula looks like this: SO = Issued – Treasury.The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. The outstanding shares formula is represented as issued shares minus shares held in the company's treasury or treasury stock. Generally, both of these figures can be found on a company's balance sheet. Outstanding shares = Issued shares - Treasury shares. The number of basic shares outstanding is calculated as the number of shares issued (1,192,093,991) less treasury stock (428,676,471). The purpose of 211 CMR 7.00 is to set forth rules and procedural requirements which the Commissioner deems necessary to carry out the provisions of M.G.L. c. Learn how to fill out a Financial Statement Form, which you need for many types of cases in Massachusetts Probate and Family Court. The basic shares outstanding is the starting point when calculating the diluted shares outstanding.