This statement is true. The small intestine facilitates absorption of most of digestion products. Approximately 90% absorption takes place here. The following are absorbed:
Water
Fats
Amino acids
Glucose
Water soluble vitamins including C and B12
Fat soluble vitamins including A,D, E and K
Some minerals including Sodium, Potassium, Calcium, Magnesium and iron
Bile (a thick alkaline fluid secreted by the liver and stored in the gall bladder)
In the large intestine, the remainder of sodium and potassium that were not absorbed in the small intestine are absorbed as well as water, acids and bases.