Which of the following statements regarding net operating losses generated in 2021 is true? a. When a corporation applies a net operating loss carryover, it reports a favorable, permanent book-tax 1. Which of the following statements regarding net operating losses generated in 2021 is true?

a. When a corporation applies a net operating loss carryover, it reports a favorable, permanent book-tax difference in the amount of the applied carryover.

b. A corporation can carry over the NOL indefinitely.

c. When a corporation applies a net operating loss carryover, it reports a unfavorable, temporary book-tax difference in the amount of the applied carryover.

d. A corporation can carry the NOL back two years and forward indefinitely.