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.
Strip steak. Grilled Kansas City strip steak topped with onions and mushrooms. The strip steak, also called a New York strip (only outside New York) or a Kansas City strip steak (US), or a sirloin steak (UK/AU/NZ/ZA), is a cut of beef steaks from the short loin from a cow.
Kondor83/iStock/Getty Images. Location of the Cuts. The rib eye and Delmonico steaks are each cut from different areas of the cow, although the areas are in close proximity to each other. The rib eye, as its name suggests, is cut from the rib section of a cow, specifically the Longissimus dorsi muscle.