To find the common factors of 16 and 24, we first need to list the factors of each number.
The factors of 16 are: 1, 2, 4, 8, 16.
The factors of 24 are: 1, 2, 3, 4, 6, 8, 12, 24.
Now, we can identify the common factors by comparing both lists. The common factors of 16 and 24 are: 1, 2, 4, and 8.
In summary, the common factors of 16 and 24 are 1, 2, 4, and 8.