Which of the following statements regarding net operating losses is true?Multiple Choice

A) A corporations can carry a net operating loss incurred in 2017 forward indefinitely.

B)A corporation can carry forward a net operating incurred in 2018 to 2019 but it may offset only 80 percent of taxable income (before the NOL deduction) in 2019.

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

D)None of these is a true statement.