Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted stockaward grants. The following is an excerpt from a disclosure note from Microsoft's 2020 annual report:Note 18 Employee Stock and Savings Plans (in part)Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. Stock awards generally vest over afive-year period.... During fiscal year 2020, the following activity occurred under our plans:Stock awards:Nonvested balance, beginning of year.GrantedVestedForfeitedNonvested balance, end of yearShares (in)millions)14753(65)(9)Compensation expense in fiscal 2020126Weighted AverageGrant-Date FairValue$78.49140.4975.3590.30$ 105.23Required:If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2020pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previousyears.Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5).

Given in the question: The vesting period is 5 Years The assumption which is required to be made is…

Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2020 pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous years. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5). Compensation expense in fiscal 2020

Required: If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal 2020 pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previous years. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5). Compensation expense in fiscal 2020

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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