yeah, that use of "flowing" bothers me, too -- it's not consistent with how __ing modifiers are used on essentially the entire remainder of the exam.
it would be better to use the regular past tense ("flowed"), but, the only choice with the regular past tense isn't even a complete sentence. so, they made this a non-issue.
this is the only GMAC problem i've seen to have this kind of sloppy usage of an __ing modifier, so, it's best just to ignore that part of the problem.
it's a really old problem; perhaps that part of the problem just wasn't edited as closely, since other errors had already been installed in the wrong answer choices.