Royal Sheffield Motorcycles (RSM) Is a Public Entity Headquartered Rotherham

True/False

Royal Sheffield Motorcycles (RSM) is a public entity headquartered Rotherham, England with a December 31 year end. RSM owns several manufacturing plants in the Phillipines. In January, After the reporting period is over, but before the financial statements are authorized for issuance, RSM's main manufacturing plant is completely destroyed by a devastating monsoon. Along with the factory, 1200 brand new Classic 500cc motorcycles are destroyed. This is a non-adjusting event and does not require a note disclosure.