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Stock awards: Nonvested balance, beginning of year Granted Vested Forfeited Nonvested balance, end of year Required: Shares (in millions) 147 53 (65) (9) 126 Value $ 78.49 140.49 75.35 90.30 $ 105.23

Stock awards: Nonvested balance, beginning of year Granted Vested Forfeited Nonvested balance, end of year Required: Shares (in millions) 147 53 (65) (9) 126 Value $ 78.49 140.49 75.35 90.30 $ 105.23

FINANCIAL ACCOUNTING
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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Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted sto award 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 o five-year period.... During fiscal year 2020, the following activity occurred under our plans: Stock awards: Nonvested balance, beginning of year Granted Vested Shares (in millions) 147 53 Weighted Average Grant-Date Fair Value $ 78.49 140.49 75.35 Forfeited Nonvested balance, end of year Required: (65) (9) 126 90.30 $ 105.23 If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previou years. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5). Answer is complete but not entirely correct. Compensation expense in fiscal 2020 $ 201.4 ×
Transcribed Image Text:Microsoft provides compensation to executives in the form of a variety of incentive compensation plans, including restricted sto award 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 o five-year period.... During fiscal year 2020, the following activity occurred under our plans: Stock awards: Nonvested balance, beginning of year Granted Vested Shares (in millions) 147 53 Weighted Average Grant-Date Fair Value $ 78.49 140.49 75.35 Forfeited Nonvested balance, end of year Required: (65) (9) 126 90.30 $ 105.23 If all awards are granted, acquired, vested, and forfeited evenly throughout the year, what is the compensation expense in fiscal pertaining to the previous and current stock awards? Assume forfeited shares were granted evenly throughout the three previou years. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,500 should be entered as 5.5). Answer is complete but not entirely correct. Compensation expense in fiscal 2020 $ 201.4 ×
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