Partnership Dissolution: Withdrawal, Retirement, Death, Incapacity of a Partner 1. The partnership AA, BB, CC, and DD has been in operation for two years with the partners sharing profits and losses in the ratio of 40%, 20%, 20%, 20%, respectively. During the past year it has become apparent that CC and DD are nor compatible and CC has decided to withdraw from the partnership as of the end of the year at the urging of AA and BB.CC wants 90,000 for his share of capital. The balances in the capital accounts at the end of the year are: AA 102,000 BB 60,000 CC 70,000 DD 48,000 Instructions: 1. The partnership will acquire CC's interest for 90,000, which will be paid in five annual jostallments of 18,000, plus interest of 10%. The partners feel that the price that CC will accept for the capital share is a fair measure of the worth of the business