You found a bunch of printed shares of a corporation whose shares are traded in Borsa İstanbul at your father’s suitcase. Your father told you that you can do whatever you like with those printed shares. You decided to sell the shares. You submitted the printed shares to the brokerage house (investment firm) and they told you that they cannot sell those printed shares.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 13PB: You are a consultant working with various companies that are considering incorporating and listing...
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You found a bunch of printed shares of a corporation whose shares are traded in Borsa İstanbul at your father’s suitcase. Your father told you that you can do whatever you like with those printed shares. You decided to sell the shares. You submitted the printed shares to the brokerage house (investment firm) and they told you that they cannot sell those printed shares. Are they correct, why? If not, why?

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