 Solution

Independence requires each joint probability to equal the product of the relevant marginals. In particular it implies $d=(c+d)(b+d)$, equivalent to $ad=bc$.

Conversely let $p=c+d$ and $q=b+d$, and assume $ad=bc$. The covariance calculation gives $d=pq$. ThenAll four joint probabilities therefore factor, proving independence. HenceThis is Bernoulli independence from zero covariance, including degenerate marginals. It is special to two-point variables and is not a general equivalence for arbitrary random variables.