The Generally Accepted Accounting Principles exist to ensure that American accountants are using the same or almost the same standards so that comparison of financial statements between or within a company is easy and accurate. They also promote transparency in accounting. The GAAP are set by the FASB.
According to the FoodTV Encyclopedia for Delmonico Steak, the Delmonico steak is a boneless top loin steak, which is also called a New York strip steak and a Kansas City strip steak. (With the bone in, it is usually called a club steak.)
Club Steak The club steak is another name for a bone-in strip steak. It is taken from the front part of the loin section of beef cattle and is somewhat similar to a T-bone steak. It contains part of the bone from the T-bone but it does not contain any of the tenderloin. Club steaks [â¦]