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.)
Best Answer: The simple answer is that they are various cuts of beef which have been given a name by which to identify them. They are each cut from a different area. The sirloin steak is the least expensive and least tender of the premium steaks.It is cut from a lower, mostly muscular area. The new york strip steak is slightly more expensive than the sirloin, but, still reasonably priced.he T-Bone steak is cut from the same area as the new york strip and has a portion of bone attached. The T-Bone has steak on each side of the bone, one side consists of new york strip and the other side of the bone consists of a small portion of filet mignon.