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.)
Common Definitions Used For Delmonico Steak. Last Boneless Chuck-eye Steak Cut From IMPS/NAMP 116D. By this definition a Delmonico steak is the first 3â³ steak cut from the chuck eye, where it joins the rib-eye (i.e. the first steak cut from the extension anterior of the rib-eye). Thus, there are only two Delmonico Steaks per beef carcass â one per side.