Solution:The above statement is false.
Some materials are able to float on top of water whereas the others sink in water. The materials which are able to float are able to do that because their density is lesser as compared to water. If their density is greater, they will sink. As the density of the given material is the same as the one surrounding it, it will float right under the surface.
The correct statement would be, “If the density of the material is the same as the one surrounding it, it will float on it”.