Final answer:
The statement provided is a description of Autumn Corporation's ability to engage in financial transactions involving stock issuance, which is a common business operation, not a True/False question.
Step-by-step explanation:
The statement 'Autumn Corporation, authorized to issue preferred and common stock, had various transactions during the year' is not a True/False question but rather a factual statement. Autumn Corporation appears to be a business entity that has been given the authority to issue preferred and common stock, which are forms of equity financing. Throughout the year, the company has engaged in numerous transactions, which could include issuing stocks, paying dividends, or other financial activities.
Without additional context, it is impossible to determine the truth value of the transactions mentioned as they are not presented within a True or False framework. However, in the context of a company's operations, it's common for a corporation with the authority to issue stock to engage in various transactions that affect its equity structure and financial position.