Which one of the following accounts is the main difference in the adjustments to determine the free cash flow

Which one of the following accounts is the main difference in the adjustments to determine the free cash flow to the equity holders (FCFE) from the free cash flow to the firm (FCFF), when you start your calculations from the net income?

A) Depreciation

B) Interest expense

C) Change in working capital

D) Capital expenditures

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*Explain and provide evidence to your answer.

*References required.

 

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Which one of the following accounts is the main difference in the adjustments to determine the free cash flow

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Which one of the following accounts is the main difference in the adjustments to determine the free cash flow was last modified: by