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.
Whether you are going out for a steak dinner or cooking steaks at home, there are usually three choices at the high end: beef tenderloin, rib-eye steak and what is known colloquially nationwide as New York strip, as in, âIâll have the New York.â (In Kansas City, though, when you order a strip steak, itâs short for Kansas City strip.)