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.)
No, a New York Strip is a loin cut not sirloin. It is in fact a T-Bone steak with the tenderloin section and its attached bone removed. A New York Strip is a more expensive, more flavorful, and more tender cut of beef then a Sirloin Strip butchered from the same animal. Fb.1608137385.