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

Select one:

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

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

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

d.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.