ABC Ltd Had Unused Allowable Capital Losses of $20,000 During the the Current

ABC. Ltd. had unused allowable capital losses of $20,000 during the current fiscal year and an unused business loss of $10,000. ABC Ltd. has a December 31 year-end. Which of the following statements is TRUE?

A) All of the losses will be lost if not used in this fiscal year.
B) The unused business loss will become a non-capital loss and can be carried back 3 years and forward indefinitely.
C) The unused allowable capital loss will become a net-capital loss and can be carried back 3 years and forward indefinitely, and the unused business loss will become a non-capital loss and can be carried back 3 years and forward twenty years.
D) The unused business loss will become a net-capital loss and can be carried back 3 years and forward indefinitely, and the unused allowable capital loss will become a non-capital loss and can be carried back 3 years and forward twenty years.