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Big Slick
 
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Default Cut/Paste causes #REF

This has been bugging me for some time and I'm just wondering why it
happens.

I have a simple formula in cell D16 that multiplies numbers in two
other cells: =C16*A16

If I manually change the value in C16 the result in D16 is correct.
If I copy/paste a value into C16, again, the result is corect.
If I CUT/Paste a value into C16 then the formula changes to
=#REF!*A16.

Is there maybe a setting I have enabled that causes this or is it
working as designed? If so, what is the logic behind the Cut/Paste
that causes the #REF???

Thanks gang! This is no big deal, I'm just curious.
 
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