Armen,
If CEF is enabled then load-balancing will be done per flow by default. You can use the "sh ip cef exact-route x.x.x.x y.y.y.y", where x.x.x.x is the source and y.y.y.y is the destination addres, to vefiry which next hop will be used for any given flow.
Hope this helps,
Regards,
Harold Ritter, CCIE #4168 (EI, SP)