According to the Accounting Equation (A-L-E), Assets (A) of a Firm belong to Creditors (L) and Stockholders (E). However, the Stockholders are the Real Owners, but the Creditors are not. This means the Cash Flows generated from the Assets (CFA) AKA as Free Cash Flows (FCF) belong to Creditors as well as Stockholders. Which is the Right formula calculate CFA OCFA or FCF Nt Depreciation & Amortization Ob CFA or FCF OCF Taxes Depreciation&Amortization Exp OCFA FCF OCF LT Investments ST Investments CFA FC NI-Dividends