There is no impact on the income statement of a partnership when a partner withdraws from the business.

Name: There is no impact on the income statement of a partnership when a partner withdraws from the business.
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When a partner withdraws from a partnership, there is no impact on the income statement because the partnership is a separate entity from its partners. However, there may be changes in the balance sheet and statement of partner's equity.

There Is No Impact on the Income Statement of a Partnership