Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stock award grants. The following is an excerpt from a disclosure note from Microsoft's 2017 annual report: Note 20 Employee Stock and Savings Plans (in part) Stock awards are grants that entitle the holder to shares of common stock as the award vests. Our stock awards generally vest over a five-year period. ... During fiscal year 2017, the following activity occurred under our plans: Stock awards: Nonvested balance, beginning of year Granted Assumed in acquisitions Vested Forfeited Nonvested balance, end of year Shares ($ in millions) Compensation expense in fiscal 2017 194 84 23 (80) (20) 201 Weighted Average Grant-Date Fair Value $36.92 55.64 59.09 37.36 43.71 $46.32 Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2017 pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous years. (Round your answer to 1 decimal place.)

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Chapter1: Financial Statements And Business Decisions
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Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stock
award grants. The following is an excerpt from a disclosure note from Microsoft's 2017 annual report:
Note 20 Employee Stock and Savings Plans (in part)
Stock awards are grants that entitle the holder to shares of common stock as the award vests. Our stock awards generally vest over a
five-year period.... During fiscal year 2017, the following activity occurred under our plans:
Stock awards:
Nonvested balance,
beginning of year
Granted
Assumed in acquisitions
Vested
Forfeited
Nonvested balance, end of year
Shares
($ in
millions)
Compensation expense in fiscal 2017
194
84
23
(80)
(20)
201
Weighted
Average
Grant-Date
Fair Value
$36.92
55.64
59.09
37.36
43.71
$46.32
Required:
If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2017
pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous
years. (Round your answer to 1 decimal place.)
Transcribed Image Text:Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stock award grants. The following is an excerpt from a disclosure note from Microsoft's 2017 annual report: Note 20 Employee Stock and Savings Plans (in part) Stock awards are grants that entitle the holder to shares of common stock as the award vests. Our stock awards generally vest over a five-year period.... During fiscal year 2017, the following activity occurred under our plans: Stock awards: Nonvested balance, beginning of year Granted Assumed in acquisitions Vested Forfeited Nonvested balance, end of year Shares ($ in millions) Compensation expense in fiscal 2017 194 84 23 (80) (20) 201 Weighted Average Grant-Date Fair Value $36.92 55.64 59.09 37.36 43.71 $46.32 Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2017 pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous years. (Round your answer to 1 decimal place.)
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