Aye.
Someone has been in there before you: now you might find several other 'surprises'. A common one: the spring washer that holds the clutch housing onto the mainshaft may be backward (which makes for noisy, clunky shifting), the oil port on the left side of the engine, next to the countershaft bearing housing, may be gone, incorrect clutch plates might be installed (and boy, do I have a long list of other things I have seen!).
My favorite: on a CB750K5 that had just been ridden from Michigan to California (and came by here for me to see it and install a Transistor Ignition halfway thru his trip) was later sent to me for a full rebuild. It was actually MISSING its oil jets in the head! Yet it ran perfectly, the bottom end bearings were in excellent condition, no harm could be found anywhere inside. And the cam and rockers were gorgeous. The cam cover had been extra-sealed with some black goo, though, which probably was needed with the extra-deep oil it was getting!