According to the Accounting Equation (ALE. Assets (A) ota Firm belong to Creditors (L) and Stockholders (9). However, the Stockholders are the Real Owners, bu the Creditors are not. This means the Cash Flows generated from the Assets (CFA) AKA as Free Cash Flows (FCA) balong to Creditors a well as Stockholders Which is the Right formula calculate CFA: CFA or FCF - Nt+Depreciation & Amortization . CFA or FC - NI- Dividends C. CFA or FCF - OCF - Taxes - Depreciations Amortization Exp. d.CFA or FCF = OCF-- LT Investments - ST Investments