You print preview the worksheet and another worksheet at the same time.
You close the print preview and view the worksheet that contains the shape.
In this scenario, the shape is displayed in an incorrect size.
To resolve this issue, apply the following update:
2597010 Description of the Excel 2010 hotfix package (x86 Excel-x-none.msp, x64 Excel-x-none.msp, Graph-x-none.msp): December 16, 2011
Registry key information
Important This section, method, or task contains steps that tell you how to modify the registry. However, serious problems might occur if you modify the registry incorrectly. Therefore, make sure that you follow these steps carefully. For added protection, back up the registry before you modify it. Then, you can restore the registry if a problem occurs. For more information about how to back up and restore the registry, click the following article number to view the article in the Microsoft Knowledge Base:
322756 How to back up and restore the registry in Windows
After you install the hotfix package, follow these steps to enable the hotfix: