Final answer:
When a partner withdraws from a partnership, it does not affect the statement of comprehensive income. This event impacts the equity and balance sheet through the capital accounts but not the income statement. Partnership withdrawals deal with ownership and do not influence the revenue or expenses reported in the comprehensive income.
Step-by-step explanation:
The impact on the statement of comprehensive income of a partnership when a partner withdraws from the business is that the statement of comprehensive income will not be affected. This financial statement reflects the performance of the business over a period of time, presenting the revenues earned and expenses incurred, leading to the net profit or loss. A partner's withdrawal is an ownership transaction and impacts only the equity and balance sheet, specifically the capital accounts of the partners, rather than the income statement.
One of the disadvantages of a general partnership is that partners are responsible for each other's acts, which includes any debts incurred. If one partner departs, the partnership agreement may need to be restructured or the partnership may dissolve, affecting the company's continuity and potentially leading to the introduction of new partners. Nevertheless, these are aspects of the partnership's equity structure and do not impact the statement of comprehensive income directly.