Which statement is NOT true of the fatty acid elongation system of vertebrate cells?

A) It involves the same four-step sequence seen in the fatty acid synthase complex.
B) It is located in the smooth endoplasmic reticulum.
C) It produces stearoyl-CoA by the extension of palmitoyl-CoA.
D) It uses malonyl-CoA as a substrate.
E) The immediate precursor of the added carbons is acetyl-CoA.