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.)
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.