Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) A corporate NOL can be carried back two years and forward 15 years.
B) An election to forgo an NOL carryback must be made on or before the return due date (including extensions) for the year in which the NOL is incurred.
C) In computing an NOL for the current year,a deduction is allowed for NOLs from previous years.
D) All of the above are false.