For corporations, which of the following regarding net capital losses is true?

Multiple Choice

Net capital loss carrybacks and carryovers create temporary book$$tax differences if they are used before they expire.

A corporation that experiences a net capital loss has a favorable book$$tax difference in the year of the loss.

Net capital loss carrybacks are deductible in determining a corporation's net operating loss.

A corporation that experiences a net capital loss in Year $4$ first carries the loss back to Year $3,$ then Year $2,$ and then Year $1$ before carrying it forward.