Create new Corona material and choose Slicer. You will see a slot to choose what material you will see in the sliced parts of your model. Apply this material to an object you want to use to be the source of your cut. This object will NOT be seen, but you will see that material inside the cut. If you are familiar with the Boole function, it works the same. "I want to see Object A minus Object B"
You will also see an area where you can drag objects that are getting sliced, but you do NOT want them to be affected. In my example above, the Sphere I used to cut that slice, was also cutting innto the floor so I dragged the floor into this area to fix that problem.