The following is the balance sheet of Able Corporation immediately prior to deciding how to finance the purchase of a $300 addition to its building. 
The bonds payable contract agreement requires current assets to be twice as much as current liabilities. Assume the $300 addition to the building is to be paid in cash and financed by issuing more stock. Calculate and explain the maximum cash that Able can pay and still honor its debt agreement.
Definitions:
Remedies
The means by which a right is enforced or the violation of a right is prevented, redressed, or compensated.
Sale of Goods
A transactional agreement between a seller and a buyer for the exchange of personal property for a certain price.
Complete Construction
The process of finishing a building or construction project in all its parts, fully executed according to the plan and specifications.
Suit
A legal action taken by one party against another in a court of law.
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