A balance sheet: Multiple Choice Provides owners, investors, and other interested parties with all the financial information they need to evaluate the financial strength, profitability, and future prospects of a given business entity. Shows the current market value of the owners' equity in the business at the balance sheet date. Assists creditors in evaluating the debt-paying ability of a business by showing the assets and liabilities of the business, plus the assets and liabilities of its owner (or owners). Shows the assets, liabilities, and owners' equity of a business entity, valued in conformity with generally accepted accounting principles