Select all of the following that are true statements about ionic compounds. As the magnitude of charge on the ions increases, the lattice energy of the ionic compound increases. As the distance between ions increases, the lattice energy of the ionic compound decreases. As the distance between ions increases, the lattice energy of the ionic compound increases. As the magnitude of charge on the ions increases, the lattic energy of the ionic compound decreases. Ionic compounds are formed when electrons are shared between atoms in the compound. Ionic compounds are held together by electrostatic forces (attraction of positive and negative charges). Ionic compounds are formed when an atom loses one or more electrons and another atom gains the electron(s).