Which of the following statements is false? a. the variance of a portfolio depends only on the variance of the individual stocks. b. when the covariance equals 0, the stocks have no tendency to move either together or in opposition of one another. c. the closer the correlation is to minus1, the more the returns tend to move in opposite directions. d. a stock's return is perfectly positively correlated with itself.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?