A Balance Sheet

A balance sheet:

A) 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.
B) Shows the current market value of the equity in the business at the balance sheet date.
C) Assists creditors in evaluating the debt-paying ability of a business by showing the assets and liabilities of the business combined with those of its owner (or owners) .
D) Shows the assets, liabilities, and equity of a business entity, valued in conformity with generally accepted accounting principles.